2022
Exports
$127kWorld Rnk 114 / 219
Flag Rnk 619 / 1074
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$12.8MWorld Rnk 89 / 220
Flag Rnk 218 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $127k in Ball Bearings, making it the 114th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 619th most exported product in Sri Lanka. The main destination of Ball Bearings exports from Sri Lanka are: Saudi Arabia ($21.8k), Maldives ($16.5k), New Zealand ($16.1k), Oman ($13.7k), and India ($12.5k).

The fastest growing export markets for Ball Bearings of Sri Lanka between 2021 and 2022 were Saudi Arabia ($21.4k), New Zealand ($16.1k), and Oman ($10.4k).

Imports In 2022, Sri Lanka imported $12.8M in Ball Bearings, becoming the 89th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 218th most imported product in Sri Lanka. Sri Lanka imports Ball Bearings primarily from: China ($4.25M), India ($3.33M), Japan ($1.41M), Singapore ($982k), and Germany ($364k).

The fastest growing import markets in Ball Bearings for Sri Lanka between 2021 and 2022 were Italy ($217k), Turkey ($91.1k), and Poland ($67.1k).

COMPANIES In 2023, leading companies such as John Deere (3) and Team Hardinger (3) were at the forefront of shipping Ball Bearings from Sri Lanka to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Ball Bearings. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$127k
IMPORTS (2022)$12.8M
NET TRADE (2022)-$12.6M

In 2022, Sri Lanka exported $127k in Ball Bearings. The main destinations of Sri Lanka exports on Ball Bearings were Saudi Arabia ($21.8k), Maldives ($16.5k), New Zealand ($16.1k), Oman ($13.7k), and India ($12.5k).

In 2022, Sri Lanka imported $12.8M in Ball Bearings, mainly from China ($4.25M), India ($3.33M), Japan ($1.41M), Singapore ($982k), and Germany ($364k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Saudi Arabia$21.4k (4.83k%)
New Zealand$16.1k (269k%)
Oman$10.4k (321%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Sri Lanka WERE (2021 - 2022):
Maldives-$12.6k (-43.2%)
Kuwait-$7.93k (-100%)
Brazil-$4.9k (-92.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Sri Lanka's main importing competitors in Ball Bearings were:

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $34.9k
TOP IMPORT POTENTIALChina+ $3.23M

Ball Bearings’s highest export potential is India. With an export gap of $34.9k.   Ball Bearings’s highest import potential is China with an import gap of $3.23M.

See methodology.

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